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        <name>FactSet Research Systems Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Charles Schwab Corp/The</name>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
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        <name>X.AI HOLDINGS CLASS A COMMON</name>
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        <name>Space Exploration Technologies</name>
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      <invstOrSec>
        <name>Birkenstock Holding Plc</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>HEICO Corp</name>
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        <valUSD>30241406.25000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Space Exploration Technologies</name>
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        <invCountry>US</invCountry>
        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>IDEXX Laboratories Inc</name>
        <lei>OGMTXK0LUU1HKV2P0J84</lei>
        <title>IDEXX Laboratories Inc</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2025-07-31</ncom:dateSigned>
      <ncom:nameOfApplicant>BARON SELECT FUNDS</ncom:nameOfApplicant>
      <ncom:signature>Christopher Snively</ncom:signature>
      <ncom:signerName>Christopher Snively</ncom:signerName>
      <ncom:title>Chief Financial Officer and Treasurer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
